The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: new mustache city on November 02, 2015, 09:21:44 AM
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:)
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I'm pretty close to your position in age and situation except I have a spouse. We opened up our first taxable account with Vanguard this year, and everything that isn't short term savings or Efund is going in there.
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I don't and won't have kids.
29 years old
What would you do in my shoes?
Enroll in an HDHP so you can open an HSA?
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Enroll in an HDHP so you can open an HSA?
Actually I just started a new job and I do have an HSA, but I am not contributing anything to it since I'm generally very healthy and they contribute more than I need to it already. Are you thinking of something like this (http://www.freemoneyfinance.com/2008/08/using-your-heal.html)?
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Enroll in an HDHP so you can open an HSA?
Actually I just started a new job and I do have an HSA, but I am not contributing anything to it since I'm generally very healthy and they contribute more than I need to it already. Are you thinking of something like this (http://www.freemoneyfinance.com/2008/08/using-your-heal.html)?
This. http://www.madfientist.com/ultimate-retirement-account/
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Enroll in an HDHP so you can open an HSA?
Actually I just started a new job and I do have an HSA, but I am not contributing anything to it since I'm generally very healthy and they contribute more than I need to it already. Are you thinking of something like this (http://www.freemoneyfinance.com/2008/08/using-your-heal.html)?
Yes, exactly this. The HSA isn't taxed going in or out as long as you eventually have medical expenses. If you don't, you get to celebrate your excellent health and pay a little bit of tax that you would have paid anyway.
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Next step is the HSA. You're close to maxing out all your tax-advantaged space, but not yet. Once your HSA is full, then it's time for a taxable account.
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I'm guessing you're not eligible for an HSA, but if you are go for it. After that, here are some options to consider
1. Vanguard Taxable account
2. Save up for a house, either for a rental or for your primary residence.
3. Save up to start or buy a business, online or otherwise.
4. Lending Tree.